| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $412M | $419M | $328M | -1.8% | 25.4% |
| Op. Income | $83M | $84M | $52M | -1.3% | 60.0% |
| Gross Margin | 96.3% | 96.8% | 96.4% | -0.5pp | -0.1pp |
| Net Margin | 17.8% | 16.8% | 11.6% | 0.9pp | 6.1pp |
| EPS (Diluted) | $0.23 | $0.22 | $0.12 | 4.5% | 91.7% |
| Free Cash Flow | $102M | $19M | $69M | 442.9% | 48.3% |
| Item | Amount |
|---|---|
| REVENUE | $412M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $396M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $115M |
| SG&A Expenses | $115M |
| Other Expenses | -$69.0K |
| Operating Expenses | $314M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $83M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $6M |
| EBIT | $83M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $412M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $396M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $115M |
| SG&A Expenses | $115M |
| Other Expenses | -$69.0K |
| Operating Expenses | $314M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $83M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $6M |
| EBIT | $83M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$387M |
| Sales/Maturities of Investments | $326M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $675M |
| Short-Term Investments | $872M |
| Net Receivables | $215M |
| Inventory | $27M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $108M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $552M |
| Tax Assets | $116M |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $302M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $168M |
| TOTAL LIABILITIES | $470M |
| Common Stock | $323.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $160M |
| Net Debt | -$515M |
